28/66 Burnett Street, North Hobart TAS 7000

2 bed, 2 bath apartment | North Hobart fringe | 83m² with balcony and garage | strong rental yield This apartment presents a compelling buying case for both owner-occupiers and investors seeking a foothold in North Hobart. The 2 bed, 2 bath configuration with a balcony and remote garage is uncommon in this price bracket, giving it a competitive edge over smaller or less appointed units. Its 83m² internal area is generous for an apartment, and the absence of bushfire, flood, or heritage overlays simplifies due diligence. The property is best suited to professionals or downsizers wanting walkable access to the city and Campbell Street Primary School zone, or to investors targeting a mid-4% to low-5% gross yield, supported by recent rental growth from $620 to an estimated $710 per week. The primary risk is that automated valuations cluster around $800k to $850k, which may be at the upper end of buyer comfort for a unit in this location, particularly if comparable sales are softer. However, the short 15-day lease history in 2023 and current rental estimates suggest strong demand, reducing vacancy risk. The opportunity lies in the property’s dual-bathroom layout and gym access, which appeal to premium renters or buyers who value amenity over land. FTTP and 4G connectivity add convenience but are not prime drivers. A buyer should verify recent comparable sales to confirm the valuation floor.